Professional Documents
Culture Documents
My Pom Notes
My Pom Notes
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Management is the process of planning, organizing, directing, and controlling resources
(human, financial, physical, and informational) to achieve organizational goals effectively and
efficiently. It involves coordinating the efforts of people to achieve common objectives and
ensure the smooth functioning of an organization.
- **Informational Roles:**
- Monitor: Seeks and receives information.
- Disseminator: Distributes information to employees.
- Spokesperson: Represents the organization to the external environment.
- **Decisional Roles:**
- Entrepreneur: Initiates and oversees innovation.
- Disturbance Handler: Manages conflicts and crises.
- Resource Allocator: Allocates resources to achieve organizational goals.
- Negotiator: Represents the organization in negotiations.
In a BBA program, students are equipped with the foundational knowledge and skills needed
for various managerial roles and are exposed to theories and practices that prepare them for
effective management in diverse organizational settings.
UNIT 2
- **Information Management:** With the advent of computers, the 20th century saw a shift
towards managing information. Information Management involves the collection,
processing, storage, and dissemination of information to support decision-making.
- **Systems Management:** Emerged in the latter half of the 20th century, emphasizing the
holistic view of organizations as systems. This approach considers the interdependence of
various parts within an organization and the need for alignment.
UNIT 3
BBA students learn to analyze these components to assess the impact of the general and
specific environments on organizational performance and decision-making.
- **Selection and Socialization:** Organizations select and socialize employees who align
with their cultural values. BBA students understand that hiring processes, orientation
programs, and ongoing training contribute to cultural reinforcement.
- **Ceremonies and Rituals:** BBA students learn that ceremonies, rituals, and traditions
create a sense of identity and belonging among employees. These activities reinforce
cultural norms and values.
- **Stories and Symbols:** The telling of stories and the use of symbols contribute to the
creation and transmission of organizational culture. BBA students understand that these
narratives help employees understand the organization's history, values, and expectations.
UNIT 4
**3. Practical Steps Managers Can Take to Improve Ethical Decision Making:**
- **Promote Ethical Culture:** Foster an organizational culture that values ethics and
integrity.
- **Provide Training:** Conduct ethics training to raise awareness and provide guidelines.
- **Encourage Open Communication:** Create an environment where employees feel
comfortable discussing ethical concerns.
- **Lead by Example:** Demonstrate ethical behavior at all organizational levels.
- **Establish Clear Policies:** Clearly define ethical expectations and consequences for
violations.
- **Pitfalls:**
- **Rigidity:** Plans may become obsolete if the environment changes rapidly.
- **Overemphasis on Formal Plans:** Informal plans and flexibility may be overlooked.
- **Resistance to Change:** Employees may resist plans that disrupt established routines.
- **Limits:**
- **Information Constraints:** Limited information may impact decision quality.
- **Time Constraints:** Urgency may limit the thoroughness of decision making.
- **Cognitive Limits:** Human cognitive capacities may restrict the ability to process
complex information.
UNIT 5
- **Resource-Based View (RBV):** Unique and valuable resources and capabilities that
competitors find difficult to replicate.
- **Differentiation:** Offering unique and desirable products or services that stand out in
the market.
- **Brand and Reputation:** Building a strong brand and positive reputation that creates
customer loyalty.
- **Supply Chain Management:** Efficient and effective control over the entire supply chain.
- **Strategic Alliances:** Building partnerships and collaborations to enhance
competitiveness.
- **Formulating Strategies:** Developing strategies based on the analysis of the internal and
external environments.
**3. Types of Corporate Level, Industry Level, and Firm Level Strategies:**
UNIT 7.
- **Market Growth:** Introducing innovative solutions can open new markets and expand
existing ones, driving growth.
- **Cost Efficiency:** Innovations can lead to more efficient processes, reducing costs and
increasing profitability.
- **Talent Attraction and Retention:** Companies known for innovation are more likely to
attract top talent, and a culture of innovation can enhance employee satisfaction and
retention.
- **Leadership Support:** Managers must provide clear support for innovation, set a vision,
and encourage a culture that values experimentation and learning from failure.
- **Encourage a Culture of Innovation:** Foster an organizational culture that promotes
creativity, risk-taking, and continuous improvement.
- **Resource Allocation:** Allocate sufficient resources, including time, budget, and talent,
to support innovation initiatives.
- **Reward and Recognition:** Recognize and reward employees for their innovative
contributions to motivate and reinforce a culture of innovation.
- **Training and Development:** Provide the necessary training and development programs
to equip employees with the skills and knowledge required for the changes.
- **Pilot Programs:** Implement changes on a smaller scale first (pilot programs) to identify
potential challenges and refine the approach before full implementation.